[Funding alert] Ankara-based Rototip Raises €1Million in Funding

Ankara-based Rototip raises €1million in funding to extend its near-shoring services for businesses in North America and Europe. Joerg Rheinboldt's Heartfelt and Istanbul-based APY Ventures were involved in the startups' first investment round, which was headed by Amsterdam's ACT Venture Partners.

China became the world's leading country in the new millennium when it came to Western corporations seeking to outsource their manufacturing operations.

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But given the significant disruptions to supply chains that have occurred in recent years, along with the escalating geopolitical unrest, both large and small businesses are searching for strategies to diversify their supply chains and reduce the risks associated with outsourcing.

Strategically positioned Rototip is providing a solution that puts the production processes closer to home for European and North American enterprises, even while onshoring options may still be prohibitively expensive or, in certain situations, unattainable due to manpower constraints.

Rototip CEO Galip Okan Ozturk shared: "There is a phenomenal opportunity in the manufacturing market as offshoring is not a solution anymore and local manufacturing networks do not exist. A need for cutting-edge software cannot be denied. We have a strong foundation. Our customers exhibit remarkable loyalty, we attract top-tier talent, and our investment round has generated overwhelming interest. We observe a significant market shift as customers increasingly prioritise reliability in delivery schedules and consistency in quality—two aspects in which we excel.”

Türkiye, APY Ventures’ Partner Mustafa Keceli commented: “Rototip’s traction is a testament to its rising popularity in global markets. The team is formed by founders with diverse functional backgrounds, enabling them to swiftly accelerate growth. We strongly believe in Rototip connecting bridges between buyers and sellers through their proprietary technology.”

About Rototip

Using CNC machining, laser cutting, injection moulding, die casting, welding, and assembly services, Rototip, a late 2021 startup, claims its platform is unique in the manufacturing industry. It provides clients with mechanical parts made of metal or thermoplastics.

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